Capital Plan

Over the next decade, the South Carolina Ports Authority plans to invest about $1.3 billion in new and existing facilities. This aggressive plan includes a new container terminal – the only permitted port terminal currently under construction on the US East Coast – as well as major improvements to existing facilities, technology upgrades and a new cruise terminal.

Near-term investments include a more than $17-million new terminal operating system, which will improve on-terminal operations and processes as well as a new cruise facility in downtown Charleston and the next major construction project for the new Navy Base container terminal.

And because the South Carolina Ports Authority is a self-funded instrumentality of the state, the $1.3-billion capital plan will be implemented through internally generated funds as well as bond issues backed by the organization itself, not taxpayers.